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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 30, 2018 No. 167

About approval of Rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization

(In edition of the Resolution of Board of National Bank of the Republic of Kazakhstan of 26.07.2019 No. 127)

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and for the purpose of further enhancement of procedure for carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization.

3. To department of monetary transactions (Moldabekova A. M.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this resolution its direction in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

4) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and item 4 of this resolution.

4. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Kurmanov Zh. B.

6. This resolution becomes effective after ten calendar days after day of its first official publication.

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of July 30, 2018 No. 167

Rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization

Chapter 1. General provisions

1. These rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization (further - Rules) are developed according to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and determine procedure for carrying out by National Bank of the Republic of Kazakhstan (further - National Bank) auctions within realization of the state monetary policy of the Republic of Kazakhstan (further - monetary policy).

2. According to the monetary policy purposes for provision and withdrawal of liquidity the National Bank carries out the following types of auctions:

1) auction for security purchase with the return sale;

2) auction for security sale with repurchasing;

3) auction of short-term notes of National Bank;

4) deposit auction.

3. In Rules the concepts provided by the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999 are used

and also following concepts:

1) the participant of auction - the bank of the second level which is the bidder in the form of auction (further - auction) on security purchase with the return sale and auction for security sale with repurchasing, being the depositor of the central depositary;

2) auction platform - the automated information subsystem used by National Bank for holding auctions;

3) completion date of the transaction of security sale - day when the National Bank sells to the participant of auction securities;

4) completion date of the transaction of security purchase - day when the National Bank buys securities from the participant of auction;

5) primary agent - the participant of auction of short-term notes of National Bank whom the bank of the second level, the single accumulation pension fund, the National operator of mail of the Republic of Kazakhstan, the legal entity who signed with National Bank the agreement on rendering broker services, the client whose assets are in trust management at National Bank treats;

6) electronic system of data transmission - the financial automated system of transport of information of the Republican state company on the right of economic maintaining "The Kazakhstan center of interbank calculations of National Bank of the Republic of Kazakhstan" (further - FASTI) or the international interbank system of information transfer and making of calculations for financial instrument transactions (Society for Worldwide Interbank Financial Telecommunication) ciphered by means of system of program and cryptographic protection;

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